Faurecia posts flat third-quarter revenue on currency woes

PARIS (Reuters) -- Faurecia, the French supplier owned by PSA/Peugeot-Citroen, said revenue rose 0.8 percent in the third quarter as currency effects curbed sales growth.

Revenue edged up to 4.12 billion euros ($5.7 billion), Faurecia said in a statement on Tuesday, as a weaker dollar against the euro compounded a lull in North American sales.

European car demand remains at a low level, Chief Financial Officer Michel Favre said. "We consider that the economy is still in a low pattern."

The company said U.S. sales would "continue to grow at a more moderate pace," while reiterating its full-year earnings goals.

Faurecia generates about a quarter of its business with automakers in North America, including $6.1 billion in 2012, according to the Automotive News data center.

The supplier, 57.4 percent-owned by PSA, said it was on track for sales of between 17.8 billion and 18 billion euros this year, as well as improved operating profit and positive cash flow before restructuring charges.